Question

if environco has an annual television advertising budget of $8,000,000 and revenue of $138,000,000 what percentage of revenue is spent on advertising

Answer 1

The formula for finding the percentage of revenue that is spent on advertising will be:

Percentage of revenue that is spent on advertising = Advertising Budget / Revenue x 100%

Using the values, we get:

Percentage of revenue that is spent on advertising = (8,000,000/138,000,000) x 100% = 5.80%

This means 5.80% of revenue is spent on advertising